Archived
Can I deposit a large check rec'd the day after my stepdad's death into our joint account? I am executor of his estate.
Frank's answer
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Answered on July 18, 2009
Can you? Yes. Should you? Absolutely not. The funds belong to his estate. Placing it in a joint account makes it yours bypassing the probate...
Archived
A person is dying and owes on a credit card. If we sell their house to a relative would we still need to pay it from the estate
Frank's answer
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Answered on July 18, 2009
the estate needs to pay the debts. if there is no money in the estate to pay the debts then other probate rules apply (including sometimes the...
Archived
Is the best way to leave property upon death of both parents, in a will for lifetime estate of parents?
Frank's answer
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Answered on July 18, 2009
what about a trust that owns the property and they are beneficiaries with specified benefits?
Archived
Life estates
Frank's answer
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Answered on July 18, 2009
Legal, yes. Issues? Depends. Creditors and heirs might have issues if you short-change her estate. There are WA taxes due on the transfer. A...
Archived
Mothers estate
Frank's answer
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Answered on July 18, 2009
It should not matter WHAT she thinks. Her job as executor is to administer the estate according to the estate documents (such as a will) or...
Archived
Am I an executor of an estate if I did not sign anytthing but my parents verbally asked me to be?
Frank's answer
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Answered on July 18, 2009
Executors are not liable for estate debts. The estate is responsible. If their is not enough money in the estate to pay the bills then the estate...
Archived
Are pension plan / insurance monies left to my son subject to being used to pay my debts?
Frank's answer
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Answered on July 18, 2009
Typically retirement plans and insurances are paid directly to the stated beneficiary. They bypass your estate which means, among other things,...
Archived
Can a mortgage company deny a loan modification or repayment plan purely based on a copy of your bank statement?
Frank's answer
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Answered on July 18, 2009
Then go with a different mortgage company. It is "legal" for companies to have their own lending criteria.
Archived
My estate is very simple. My current wife and I have a pre-nup, so I don't own any real estate, as I live with her in her house.
Frank's answer
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Answered on July 18, 2009
You might need a probate if you have any assets in your name (only your name) that need a title transfer after your death. Easy way to avoid...
Archived
After probate period ends and estate is not sold does the probate attorney get his fee then or when estate is sold?
Frank's answer
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Answered on July 18, 2009
Probate attorneys typically bill for fees as earned (such as monthly). Others charge a flat fee which often includes a deposit paid up front. In...
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